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TEPID LOAN COLLECTIONS
Microfinance stress under control, deposit rates likely to remain unchanged: V Vaidyanathan, IDFC First BankIDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loan...- HFCs may log modest Q1 growth, but rate cut to weigh on marginsHousing finance companies (HFCs) are anticipated to reveal modest earnings for the June quarter, supported by an 8% year-on-year rise in lo...
- NBFC retail loans showing stress signsNon-bank lenders and housing finance companies catering to the self-employed are looking at fresh slippages, with initial estimates suggest...
- SBI Q2 net up 52%, chief says retail will be growth leverBank’s net interest income up 15%; Gross non-performing loan ratio falls to 5.28%
- IIFL Finance Q2 Results: Profit jumps over two-fold to Rs 212 crore“Growth momentum is improving, the sentiment is returning, collection efficiencies are robust, month on month we have seen business growth,...
- IndusInd Bank ‘cautiously optimistic’ on growth even as Q2 net halvesProfit hit by slow loan growth, higher provisions to cover for Covid fallout.
- Axis Bank Q2 preview: Profit seen in excess of Rs 1,700 crore; fall in QoQ provisions likelyThe private lender is seen reporting 15-17 per cent growth year-on-year (YoY) in net interest income (NII) and around 3.4 per cent in net i...
- L&T Finance Q2 results: Net profit rises 52% to Rs 265 croreIt recorded its best ever monthly disbursements in the rural business and a strong pick up in infrastructure disbursements.
- Non-bank lenders could see decelerating AUM growth in Q2Analysts said they will be keenly watching out for commentary on collection efficiency, performance of stage 1 and 2 asset pools and likely...
- Street’s tracking asset quality & more in banks’ Q2 performanceAnalysts are seeking trend-defining answers in banking collections, fresh disbursals, quantum of provisions, progress on the restructuring ...
- Will continue to accelerate provisions to strengthen balance sheet: Bajaj FinanceThe company had made additional provisioning of Rs 1,450 crore in Q1, taking the contingent credit loss provision due to Covid to Rs 2,350 ...
- SBI Card tops IPO price after Q1 numbers beat Street estimatesThe company on Monday posted a 13.8 per cent year-on-year rise in net profit at 393.3 crore for the quarter ended June, while total revenue...
- Banks and NBFCs report mixed Q1 performancePrivate lender Bandhan Bank reported healthy loan and deposit growth for the June quarter.
- IRB Infra raises Rs 6,600 crore loan from SBI and Union Bank of India in the largest debt tie-up for a single projectThe loan would be of a nine-year tenor at 8-8.5%, deemed to be finely priced taking into account the economic uncertainties. Out of the Rs ...
- Around $8.7 billion Mumbai region’s realty loans severely stressed, double of NCR, reportThe NCR real estate market has so far received total loans worth $23 billion from banks and non-banking finance companies (NBFCs) and housi...
- Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala SitharamanSitharaman says the strategic sale of Air India and BPCL will be wrapped up by March
- NPA-laden state-run banks crimp advance tax mop-up at 10.6%Unsatisfied with the collection, the Income Tax department has asked its officials to keep a close vigil on the forthcoming quarterly resul...
- NBFCs could report best Q1 performance in many yearsAlthough the first quarter of a financial year is tepid, analysts expect it to be better than most years'.
- Banks have turned risk averse after facing steady rise in bad loans: RBIBanks have turned risk averse after facing steady rise in bad loans, Reserve Bank of India said.
- Public issues make strong comebackDespite the tepid response from retail investors to the mega NTPC follow-on public offer (FPO) in February, resources raised by companies f...
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